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<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is December 10, 2009. The parties
<br />and their addresses are:
<br />TRUSTOR (Grantorl:
<br />NEBRASKA INVESTMENT ASSOCIATION, LLC
<br />A Nebraska Limited Liability Company
<br />209 SOUTH 19TH STREET, SUITE 100
<br />OMAHA, NE 68102
<br />TRUSTEE:
<br />PINNACLE BANK
<br />a Nebraska Corporation
<br />PO BOX 540001
<br />OMAHA, NE 68154
<br />BENEFICIARY (Lenderl:
<br />PINNACLE BANK
<br />Organized and existing under the laws of Nebraska
<br />P O BOX 540001 '
<br />OMAHA, NE 68154
<br />Return To:
<br />First Nebraska Title
<br />Attn: Lisa
<br />2425 South 120`" Street
<br />Omaha, NE 68144
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />described property:
<br />LOT 2, MEADOWLARK WEST SEVENTH SUBDIVISION, GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The property is located in HALL County at 1040 ALLEN STREET, GRAND ISLAND, Nebraska 68803,
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and
<br />riparian rights, wells, ditches and water stock, crops, timber, all diversion payments or third party payments
<br />made to crop producers and all existing and future improvements, structures, fixtures, and replacements that
<br />may now, or at any time in the future, be part of the real estate described (all referred to as Property-, This
<br />Security Instrument will remain in effect until the Secured Debts and all underlying agreements have been
<br />terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one
<br />time will not exceed 5950,000,00. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />3. SECURED DEBTS AND FUTURE ADVANCES. The term "Secured Debts" includes and this Security
<br />Instrument will secure each of the following:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note or other agreement, No. 68-161320-68, dated December 10, 2009, from
<br />Grantor to Lender, with a loan amount of 5950,000.00.
<br />B. Future Advances. All future advances from Lender to Grantor under the Specific Debts executed by
<br />Grantor in favor of Lender after this Security Instrument. If more than one person signs this Security
<br />Instrument, each agrees that this Security Instrument will secure all future advances that are given to
<br />Grantor either individually or with others who may not sign this Security Instrument. All future advances are
<br />secured by this Security Instrument even though all or part may not yet be advanced. All future advances
<br />are secured as if made on the date of this Security Instrument. Nothing in this Security Instrument shall
<br />NEBRASKA INVESTMENT ASSOCIATION, LLG
<br />Nebraska Deed Of Trust Initials
<br />NE/4jmccrode00118800006632024120809Y Wolters Kluwer Financial Services ®1996, 2009 Bankers SystemsT" Page 1
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